Uncategorised Archives - Page 4 of 11 - Balancing Energy

SEE region: Electricity prices ranged between 64 and 96 euros/MWh in week 20

In week 20, SEE electricity prices increased compared to week 19 by 15% on average, due to a drop in wind production and higher gas prices. In the SEE region, electricity prices soared in all markets, except Hungary. Greece and Bulgaria registered the highest percentage increases by 26% and 24% respectively compared to the previous […]

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Serbia: 10 MW solar park Saraorci commissioned

The first phase of the construction of the biggest solar park in Serbia, Saraorci, has been completed. The total installed capacity in the first phase is 9.86 MW (11.8 MWp), whereas a power of 1.5 MW (1.86 MWp) is planned for the second phase. This is a photovoltaic power plant which is fully transferred to

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Serbia: Overhaul of Pancevo oil refinery nearly completed

The overhaul of the NIS Pancevo oil refinery, owned by the oil and gas company NIS, is in its final phase, according to the Serbian government. Diesel production has already been established and disruptions on the domestic market have been avoided, energy minister Dubravka Djedovic Handanovic said in a press release. The 95-million-euro overhaul began

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Hungary to develop green transition action plan

Hungary is committed to supporting the production of technologies that promote the production and use of green energy, Minister of Economy Marton Nagy said at a high-level meeting about the implementation of the net-zero emissions industry regulation in Brussels. He added that green re-industrialization could be the main driver of Hungarian economic growth in the

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Romania: Green light for NERO Renewables wind project

The wind project in Buzau County in Romania, which was originally intended to transfer renewable energy to the Netherlands, has received authorization from the regulator agency for water and energy ANRE. This is one of the final steps in the authorization process for the investment. The project developer now must prove that they have the

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Greece to free reserved network capacity for shelved RES projects

Network capacity reserved for RES investment plans now shelved without development prospects will be freed, Greek energy minister Thodoros Skylakakis has told the Balkan Energy Forum in Kozani. The country faces an energy-storage capacity shortage. Big energy-storage projects are in progress but still have some way to go. Pumped storage is a technology that requires

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Croatia: EC sent another warning to Croatia

The European Commission sent an additional reasoned opinion to Croatia because it didn’t fully transpose EU rules on promoting the use of energy from renewable sources into its legislation. It’s a directive that provides a legal framework for the development of renewable energy across the European Union. The directive set a binding goal that at

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SEE region: Romania cautiously considers to build a new hydropower plant with Serbia

Romanian Ministry of Energy confirmed that the country could join Serbia as an equal partner in the project for a third hydropower plant on the Danube, but it denied that a joint team to coordinate the project was set up and highlighted that the project should be approached with caution since it has an important

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Romania: Rompetrol seeks a partner for a green hydrogen project

Rompetrol Rafinare is seeking a partner to build and operate a green hydrogen plant to decarbonise its Petromidia Refinery. The plant should be located near or on the grounds of the refinery and be capable of producing 11,000 tons of green hydrogen annually. This necessitates a renewable electricity supply of around 75 MW which should

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Serbia: EPS to receive 100 million euros loan for decarbonisation projects

Italian development bank Cassa Depositi e Prestiti will provide a 100 million euro financing package to Serbian power utility Elektroprivreda Srbije to support the decarbonisation process, EPS said in a press release. The initiative aims to bolster renewable energy use, enhance energy sector security, and promote sustainability, supporting Serbia’s plans for renewable energy expansion and

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